U.K. equipment rental company Vp plc said that after reporting in June an upbeat finish to its fiscal year, that “this trend has continued into the new financial year with the business delivering growth and capitalizing on organic investment opportunities.”
The housebuilding and rail sectors are enjoying strong demand, the company said, and its oilfield services business has experienced year-over-year growth as demand has slowly recovered from recent lows. The general construction market is subdued but stable, the company said, and infrastructure markets are solid.
“The promising start to the year and a strong balance sheet, that enables us to pursue opportunities as they arise, gives us confidence that we will deliver further satisfactory results in the current financial year,” the company said in a statement.
Vp plc is based in Harrogate, North Yorkshire, U.K.
